Bell Potter

Overnight: U.S. stocks closed near flat after a bipartisan budget deal cleared a key hurdle in the Senate. Main indexes drifted lower amid a slew of economic data and as the Federal Reserve began two-day deliberations to decide whether to slow down the pace of the stimulus program. Treasury prices moved mostly higher after data showed consumer-price growth remained muted, drawing attention to the pace of inflation. Gold futures fell by more than 1% and oil futures inch higher, set for their highest close in a week. U.K. stocks moved lower, with banks and resource firms leading the charge south. After the strongest rally in two months, European stock markets showed broad-based losses, as investors stayed cautious ahead of the outcome of the U.S. Federal Reserve meeting. London BHP down 0.47%. Rio up 1.13%. New York BHP down 0.65%. Rio up 1.43%. LME Base metals traded mixed.


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